AIM-listed ladieswear purveyor Sosandar (SOS) served up its
FY26 numbers this morning, along with a trading update for the first
(accounting) quarter for the current year. On the face of it, it was good news
but there are a few flies in the ointment.
AIM-listed ladieswear purveyor, Sosandar (SOS), released its
full-year to March 31 trading update this morning. On the face of it, it was
good news: lots of cash, it is expected to report a profit before tax and
revenues were up by 14%. What’s not to like?!
AIM-listed purveyor of ladies clothing, Sosandar (SOS), hasn’t had the sort of stack market career its founders and early investors might have hoped for. There have been more U-turns in strategy than the Labour government and having promised profitability, it has never arrived. But with the shares now at a very lowly 7.5p and Nigel Wray having been piling in, is it time for a change of stance from my overtly bearish coverage over the past years?
I’m sure that Nigel Somerville will write in more detail on a latest trading update from women’s fashion brand company Sosandar (SOS) in due course, but this is a quick note as the company headlines the update, “Momentum continues to build, with significant growth in own site revenue. Trading in line with Full Year expectations” and the shares in response are currently down more than 15% at below 7p.
Fat cat directors like to insist that options incentivize them and align their interests with we dirty shareholders. Its tosh. We risk our capital. The fat cats earn fat salaries and if the shares go up they have risk free upside. There is zero evidence that options make fat cats work harder or deliver greater returns. But what if the share price tanks?
AIM-listed ladieswear purveyor Sosandar (SOS) released its full year results to March this morning – and they were a horror show, with the market dumping the shares down a whopping 22% last seen, to just 6.25p.
AIM-listed ladieswear purveyor Sosandar (SOS) released its full year (to March 31 2025) trading update this morning and the numbers weren’t good. The long-predicted pre-tax profit of £1 million became £0.5 million and sales – already downgraded multiple times – missed the expected £38.5 million, at £37.2 million. Oh dear….
Corks and waves, corks and waves. On 26 November 2024 when unveiling piss poor interims, Sosandar (SOS) insisted that it was on track to meet, yet again revised down, full year numbers. I bet the birds who run it a fiver that it will not.
Business confidence is now at its lowest since the start of covid. And this week we learned that UK retail sales have collapsed suggesting a sharp deterioration in consumer confidence. The numbers are horrific.
AIM-listed ladieswear purveyor Sosandar (SOS) served up its half year results to September this morning. As previously indicated, revenue fell quite heftily to £16.2 million as a result of reduced promotions and the loss was reduced to £0.7 million. The company promises a profit of £1 million at the full-year on the basis of in-line post-period performance, but that “in-line” is with reference to market expectations, which were heavily reduced (again…) only last month. As such, I’d suggest the promise of jam tomorrow should be taken with a pinch of salt especially in the current UK economic environment.
